if I recall it was supposed to be GPU resistant....that didn't quite work out....and have a well announced start, so better distro.....
I think wogtami and friends perhaps are developing a trully asic resistant algo and will for to that........
Personally if the LTC can go back to GPU's I think this is the sweet spot of distro for POW, keeps the bots nets out, in the hands of the midtoracy and is harder to centralize.
I don't think theres a secret plan to create a new algorithm or coin , the devs have stated that asics are a good thing which increase the hasrate.